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GST E-INVOICE

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PRAKASH TRIVEDI

82 Points Posted on 28 January 2021

IN GST E-INVOICE, CAN I UPLOAD A SALE BILL DATED 10-01-2021 TODAY IN THE GST SITE?? OR THERE IS A RULE TO GENERATE THE SALE E-INVOICE WITHIN 24 HOURS OF INVOICE DATE? PLEASE HELP ME

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Quick Summary

This discussion addresses whether a sale bill dated 10-01-2021 can be uploaded to the GST site today. It clarifies that while the e-invoicing system aims to streamline processes, there are specific rules regarding the generation and uploading timelines for e-invoices. The core question revolves around the 24-hour rule for generating e-invoices from the invoice date.

Rama chary Rachakonda

Master in Accounts & high court Advocate

9620 Points Posted on 28 January 2021

Currently, businesses generate invoices through various softwares, and the details of these invoices are manually uploaded in the GSTR-1 return. Once the GSTR-1 is filed by the respective suppliers, the invoice information is reflected in form GSTR-2A for the recipients for viewing only. On the other hand, the consignor or transporters must generate e-way bill by again importing the invoices in excel or JSON manually. Under the e-Invoicing system to be implemented from 1st October 2020, the process of generating and uploading invoice details will remain the same. It will be done by importing using the excel tool/JSON or via API integration, either directly or through a GST Suvidha Provider (GSP). The data will seamlessly flow to GSTR-1 preparation and for the e-way bill generation too. The e-Invoicing system will be the key tool to enable this.